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Commercial Real Estate Archives

Resolve to start your commercial lease off right

Commercial leases are lengthy and complex documents. Whenever you choose to enter into a commercial lease, whether it's for office or retail space, it is always wise to have your attorney look the lease over for potential pitfalls before you sign on the dotted line. Here are four items to take into consideration when looking over a lease:

How to get a variance for a home business

Zoning restricts the purpose for which a property can be used. Grouping properties by their use helps the government protect property values and makes a community more functional -- but zoning restrictions can be a tremendous hurdle to overcome if you're trying to start a small business. Here are a few things to keep in mind.

Resolve to start your commercial lease off right

Commercial leases are lengthy and complex documents. Whenever you choose to enter into a commercial lease, whether it's for office or retail space, it is always wise to have your attorney look the lease over for potential pitfalls before you sign on the dotted line. Here are four items to take into consideration when looking over a lease:

Reasons to be wary of golf courses

There is a reason so many people choose to retire in Florida. It has warm weather pretty much year round. The ocean is warm, and the beaches are sandy. The hurricane warning system is in impeccable condition. Alligators rarely eat people and the giant pythons almost never leave the safe haven of the Everglades. The state boasts low corporate and sales tax and has no state income tax.

5 points to consider before signing a commercial lease

When it comes time for a business to find a home, there is a lot to be decided. Once the perfect place is found, the lessor and lessee alike will want to work to ensure that the lease is favorable to both parties. Here are five points to consider before signing a commercial lease:

  • Rent: This is one of the most fundamental aspects of negotiating a favorable lease. Rent does not refer solely to the amount you pay every month. This aspect of the contract will cover topics such as rent increases and who will pay for various operating costs (e.g. the electric bill).
  • Property Description: If your company is planning to rent an entire building, the description of the property you are renting may be fairly straightforward. If, however, you are only renting some office space, it's critical to have the lease spell out exactly how your space will look and to how much space your company is entitled. If, for example, the offices you are renting offer common areas your lease will need to specify who has access and who exactly is responsible for maintenance of these areas.
  • Termination: There are many reasons that you may need to end your lease earlier than planned. Your lease should spell out the details of how and when you may end your lease. On the flip side, you will also want to ensure that your landlord cannot suddenly terminate your arrangement without notification and due cause.
  • Use: Landlords may be very particular about how you use the space you are renting. Ensure that your lease allows for all of your desired business activities, from hanging signs to hosting parties.
  • Non-Compete Clauses: Depending on your type of business, you may wish to negotiate a non-compete with your landlord. This basically says that your landlord may not rent additional nearby spaces to stores or companies that engage in business similar to yours.